PXHvsVWOETF Comparison
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Invesco RAFI Emerging Markets ETF (PXH) belongs to the EM Large & Mid Cap segment. Vanguard FTSE Emerging Markets ETF (VWO) is part of the EM Blended Cap segment. PXH's top 3 sector exposures are Finance, Technology and Energy. In contrast, VWO's top sector exposures are Technology, Finance and Non-Energy Materials. PXH is more expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.06% for VWO. PXH is up 17.15% year-to-date (YTD) with +$83M in YTD flows. VWO performs worse with 12.39% YTD performance, and +$8.28B in YTD flows. Run a side-by-side ETF comparison of PXH and VWO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PXH vs VWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PXH VWO | +3.27%+1.13% | +3.15%-0.70% | +17.15%+12.39% | +21.21%+13.88% | +82.23%+62.85% | +69.55%+40.87% |
| Flows | PXH VWO | +$67M+$761M | +$61M+$3.99B | +$83M+$8.28B | +$169M+$13.07B | +$130M+$17.13B | +$175M+$26.71B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PXH VWO | +12.20%+14.90% | +14.53%+16.11% | +15.00%+14.42% | +15.42%+15.22% |
| Max drawdown | PXH VWO | -4.44%-6.82% | -9.49%-11.04% | -16.17%-15.75% | -29.08%-29.92% |
| Max drawdown duration | PXH VWO | 39d73d | 68d50d | 218d240d | 822d1071d |
Trading data
PXH | VWO | |
Last sale 9/18/2026 at 1:30 PM | $29.71 | $60.01 |
| Previous close 09/17/2026 | $29.69 | $59.91 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PXH | VWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
PXH | VWO | |
|---|---|---|
| Last price | $29.71 | $60.01 |
| 1D performance | +0.07% | +0.17% |
| AuM | $2.09 B | $126.59 B |
| E/R | 0.47% | 0.06% |
Characteristics
PXH | VWO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | RAFI Fundamental Select Emerging Markets 350 Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| N° of holdings | 358 | 4582 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2007 | March 4, 2005 |
| ESG | No | No |
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Exposure
Countries
PXH
China
33.49%
Taiwan
23.78%
Brazil
11.28%
India
9.66%
Other
21.78%
VWO
Taiwan
29.31%
China
23.91%
India
16.21%
Other
30.57%
Sectors
PXH
Finance
29.43%
Technology
23.18%
Energy
11.99%
Non-Energy Materi.
11.22%
Consumer Non-Cycl.
7.54%
Other
16.64%
VWO
Technology
32.21%
Finance
21.81%
Non-Energy Materi.
8.23%
Consumer Non-Cycl.
7.29%
Other
30.46%
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Diversification
PXH
Total weight of top 15 holdings out of 15
34.41%
VWO
Total weight of top 15 holdings out of 15
29.07%
Top 15 holdings
Data as of July 31, 2026
PXH
Taiwan Semiconductor Manufacturing Co., Ltd.
5.85%
Petróleo Brasileiro SA
4.15%
Alibaba Group Holding Ltd.
3.21%
China Construction Bank Corp.
2.81%
Hon Hai Precision Industry Co., Ltd.
2.51%
Vale SA
2.29%
Tencent Holdings Ltd.
2.23%
Industrial & Commercial Bank of China Ltd.
2.02%
JD.com, Inc.
1.87%
MediaTek, Inc.
1.57%
Bank of China Ltd.
1.51%
Ping An Insurance (Group) Co. of China Ltd.
1.44%
PetroChina Co., Ltd.
1.09%
China Petroleum & Chemical Corp.
0.95%
Reliance Industries Ltd.
0.92%
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.90%
Tencent Holdings Ltd.
3.18%
Alibaba Group Holding Ltd.
2.32%
MediaTek, Inc.
1.30%
China Construction Bank Corp.
0.86%
Delta Electronics, Inc.
0.79%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.76%
HDFC Bank Ltd.
0.74%
ICICI Bank Ltd.
0.66%
Industrial & Commercial Bank of China Ltd.
0.64%
PDD Holdings, Inc.
0.57%
Meituan
0.54%
Xiaomi Corp.
0.53%
Bharti Airtel Ltd.
0.52%
Frequently asked questions about PXH and VWO
How have the PXH and VWO ETFs performed in 2026?
As of September 18, 2026, PXH is up 17.15% year-to-date (YTD), while VWO has returned 12.39%. That puts PXH better performer ahead so far this year.
Which ETF is attracting more investor money: PXH or VWO?
Year-to-date, the PXH ETF saw +$83M in flows, compared to +$8.28B for VWO.
Which ETF is more volatile: PXH or VWO?
Over the past year, PXH had a volatility of 14.53%, while VWO experienced 16.11%.
Which ETF is bigger: PXH or VWO?
As of September 18, 2026, PXH holds $2.09 B in assets under management (AUM), while VWO manages $126.59 B.
What sectors do the PXH and VWO ETFs invest in?
PXH leans toward sectors like Finance, Technology and Energy. Meanwhile, VWO focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the PXH ETF and VWO ETF?
PXH top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Petróleo Brasileiro SA and Alibaba Group Holding Ltd.. VWO holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd..
Which ETF is more diversified: PXH or VWO?
PXH holds 358 securities with 34.41% of its assets in the top 15. VWO has 4942 securities and a top 15 weight of 29.07%.
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